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Updated over 4 years ago on . Most recent reply

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9
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Essa Irabor
  • Renton, WA
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Apartments Complex Deals

Essa Irabor
  • Renton, WA
Posted

Just curious about how some people have handle apartment deals where they required rehabs. 

what were some trials you had to overcome? 

would you buy another apartment complex that required work or more of a turn-key setup?

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Taylor L.
  • Rental Property Investor
  • RVA
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Taylor L.
  • Rental Property Investor
  • RVA
Replied

Our past apartment complexes have been value add, and for the foreseeable future I plan to continue focusing on value add. Trials typically come down to unexpected items popping up and needing to be addressed. Due diligence mitigates most of that, but things can and do still happen. That's where adequate reserves become critical.

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